Policy & Regulation

Louise Roseman, the longtime head of the Federal Reserve's payment systems division, plans to retire this year.

Wells Fargo's tentative agreement to pay $1.2 billion to resolve claims by the Justice Department that it made shoddy FHA loans is bad news for other banks that are the targets of similar probes.

The Consumer Financial Protection Bureau should have direct oversight of auto dealers instead of being forced to go through indirect auto lenders to make changes to the market, Sen. Elizabeth Warren, D-Mass., suggested Wednesday.

The Consumer Financial Protection Bureau stepped up efforts Wednesday to encourage banks to offer simple checking and savings accounts, but many institutions said it is regulations and other factors that are preventing them from reaching the underbanked.

The House approved a bill 427-0 that would revamp the Federal Housing Administration’s condominium loan program and expedite the approval process for Rural Housing Service guaranteed loans.

Wells Fargo & Co., the largest U.S. home lender, agreed to pay $1.2 billion to resolve claims related to its Federal Housing Administration mortgage practices.

The Consumer Financial Protection Bureau chided the industry Wednesday that too few institutions offer checking accounts that discourage or prevent overdraft charges, and those that do have not advertised them.

WASHINGTON — The current financial regulatory structure is ill-suited for innovation, but a legislative effort to fix that may still be a long way off, according to top House Republican lawmakers.

WASHINGTON — The Federal Deposit Insurance Corp. is urging banks to perform due diligence and identify potential risks before conducting business with marketplace lenders.

The CFPB notched another victory in its effort to limit dealer discretion after Toyota Motor Credit Corp. agreed to cut in half how much partnering dealerships can mark up the interest rate on a loan as compensation.